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3601 E Britannia Dr 57,600 SF Flex Building Tucson, AZ 85706 $12,675,000 ($220.05/SF) 6.79% Cap Rate
Investment Highlights
- This high-quality engineering facility is leased to an excellent credit national company.
- The building was constructed by Davis Select Advisors for their own occupancy.
- This area is near the Tucson International Airport and Interstates 10 and 19.
- The rent increases by 3% per year during the term.
- Parking is 4.8:1000, with some additional adjacent land for sale if needed.
- Almost 25% of the industrial space in Tucson is in this market area, including the newest and highest quality projects here.
Executive Summary
This high-quality engineering facility is leased to an excellent credit national company. The rent increases by 3% per year during the term. The building was constructed by Davis Select Advisors for their own occupancy. Parking is 4.8:1000, with some additional adjacent land for sale if needed. This area is near the Tucson International Airport and Interstates 10 and 19. Almost 25% of the industrial space in Tucson is in this market area, including the newest and highest quality projects here.
Property Facts
| Price | $12,675,000 | Lot Size | 7.64 AC |
| Price Per SF | $220.05 | Rentable Building Area | 57,600 SF |
| Sale Type | Investment NNN | No. Stories | 2 |
| Cap Rate | 6.79% | Year Built | 2008 |
| Property Type | Flex | Tenancy | Single |
| Property Subtype | Flex Research & Development | Parking Ratio | 5.44/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | I-1 - I-1, City of Tucson | ||
| Price | $12,675,000 |
| Price Per SF | $220.05 |
| Sale Type | Investment NNN |
| Cap Rate | 6.79% |
| Property Type | Flex |
| Property Subtype | Flex Research & Development |
| Building Class | B |
| Lot Size | 7.64 AC |
| Rentable Building Area | 57,600 SF |
| No. Stories | 2 |
| Year Built | 2008 |
| Tenancy | Single |
| Parking Ratio | 5.44/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | I-1 - I-1, City of Tucson |
Amenities
- Bus Line
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 140-29-207A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,053,046 |
Property Taxes
Parcel Number
140-29-207A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,053,046
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3601 E Britannia Dr
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